Flat 18, Hawthorne Court, 11B West Cliff Road, Bournemouth, BH2 5FA
Estimate of £233k for this flat/maisonette. 126 sales in BH2 in the last 12 months; median £199k.
Value History
Rental Market
Market Metrics
Sales & Yield
3 metricsInvestment Analysis
Buy-to-let cashflow + capital returns
Purchase
- Asking Price£425,000
- SDLT standard£11,250
- SDLT BTL surcharge (5%)£21,250
- Legal, survey + broker (assumed)£2,100
- RefurbishmentNot costed
- Total Cost (excl. refurb)£459,600
Funding
- Deposit (25%)£106,250
- Mortgage (75% LTV)£318,750
- Interest Rate (assumed)5.25%
- Mortgage TypeInterest Only
- Cash Required£140,850
Monthly Returns
- Monthly Rent (estimate)£1,350
- Mortgage Payment (IO)-£1,395
- Management (10%)-£135
- Insurance (assumed)-£40
- Maintenance (assumed)-£60
- Monthly Cashflow, before lease costs (not stated)-£280
Capital Returns
- 5yr Property Value£374,850
- 5yr Capital Gain (-2.48% pa, historical)-£50,150
- 5yr Cumulative Rent (net, before lease costs)+£69,881
- Less mortgage interest-£83,700
- 5yr Total Return (before lease costs)-£63,969
Modelled on the live asking price. Assumed, as in the PDF report: 25% deposit, 5.25% interest-only mortgage, management 10% of rent, insurance £40/mo, maintenance £60/mo, legal, survey and broker £2,100. Refurbishment, voids and letting fees are not costed. Service charge and ground rent are not stated, so cashflow and returns are before lease costs.
5-Year Projection
| Year | Property Value | Equity | Cashflow (cumulative) | Total Return | ROI |
|---|---|---|---|---|---|
| Year 1 | £414,460 | £95,710 | -£3,360 | -£13,900 | -9.9% |
| Year 2 | £404,181 | £85,431 | -£6,432 | -£27,251 | -19.3% |
| Year 3 | £394,158 | £75,408 | -£9,198 | -£40,040 | -28.4% |
| Year 4 | £384,383 | £65,633 | -£11,662 | -£52,279 | -37.1% |
| Year 5 | £374,850 | £56,100 | -£13,819 | -£63,969 | -45.4% |
Modelled on the live asking price. Capital growth -2.48% a year is the BH2 area's 5-year historical rate (Land Registry medians), not a forecast. Rent grows 2% a year (assumed); management is 10% of each year's rent. Mortgage held interest-only at 5.25% for 5 years. Refurbishment, voids and letting fees are not costed. Service charge and ground rent are not stated, so cashflow and returns are before lease costs. ROI is on cash required (£140,850).
Price Forecast
No forecast available.